New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
RFR Signs Mix of New and Renewal Leases at Seagram Building
RFR secured 46,000 square feet of leasing at the Seagram Building, marking an acceleration of deal activity as the firm continues to develop the new SEAGRAM PLAYGROUND, a 34,000-square-foot amenity space.
Ehrenkranz Partners, Investindustrial, Brant Point Capital, and Ontario Teachers’ Pension Plan signed renewal and/or expansion deals, while CapVest Partners, Decheng Capital, Pantera Capital, and Skyway Equities completed new leases at Seagram.
Highlights of the deal activity include wealth management firm Ehrenkranz Partners, a Seagram Building tenant for several decades, which leased 17,519 square feet, taking the entire 21st floor in a relocation move within the building. Investindustrial, a tenant since 2010, took 9,578 square feet on the 26th floor and to relocate and expand its premises by more than double.
Both companies said the SEAGRAM PLAYGROUND complex, currently under development with an emphasis on fitness, wellness, social team building and collaboration, was a factor in the decision to renew.
- ◦Lease